The size of the galvanic isolation market was estimated to be 1.84 billion United States dollars in 2022, and it is predicted that by the end of 2030, this number will climb to more than 2.70 billion United States dollars. It is predicted that the market will expand at a compound yearly growth rate of 4.88% throughout the course of the time period covered by the forecast.
Galvanic Isolation Market: Overview
Galvanic isolation is a technique that can be utilized in electrical circuits in order to successfully eliminate stray currents. It eventually developed into a sophisticated mechanism for enhancing workplace safety by impeding the passage of unintended currents as they went closer to the human body. This made the workplace a safer place to work. The decision to ensure that the alternating current is transferred to the circuit but does not flow through the human body was primarily made by the transformers, capacitors, and optical isolators. To achieve this goal, one can choose to take precautions so that the electric current does not travel through their body.
The process of isolating the power supply is a key stage in the production of new designs for pieces of machinery. This step helps to improve safety not only for the people operating the machinery but also for other electrical devices. Isolation components can be found in a wide variety of different types of devices, including inverters, monitoring systems, intrinsic safety isolators, healthcare equipment, and other types of devices. A galvanic isolator is typically employed whenever there is a need to bridge the gap that exists between a low-voltage circuit that is isolated and the power that originates from the control unit. Despite this, the control device and the vehicle both stand to benefit from this circumstance. In addition to this, it reduces the amount of noise that is generated by the common points of the circuit.
Galvanic Isolation Market: Growth Drivers
It is quite likely that the increasing electrification of the world's economy will have a positive role in the expansion of the global market.
It is projected that the increased use of digitalization all over the world would be the key engine driving the rise of the global market for galvanic isolation. When national governments throughout the world are working towards the common objective of significantly altering the automotive sector, one of the keys focuses that they have on their agendas is the electrification of automobiles. As a result of numerous automotive manufacturers continually releasing new models, it is anticipated that the global market for electric vehicles will grow in size over the course of the forecast period. The availability of convenient charging stations, which help reduce carbon emissions and contribute to the growth of the worldwide market, is another factor that will play a role in this expansion. A key development that is expected to further enhance the rise of the global market for galvanic isolation is the incorporation of high-voltage lithium-ion batteries by various manufacturers.
Galvanic Isolation Market: Segmentation
On a global basis, the market for galvanic isolation may be segmented into the following key groups: data range, channel, isolation type, sales channel, and vertical market.
Above 75 Mbps, 25-75 Mbps, and 25 Mbps are the three main subcategories that can be extracted from the market and categorized according to the range of speeds that were measured. The section of the worldwide market that encompasses speeds ranging from 25 to 75 Mbps has successfully cornered the largest share of the market due to its capacity to satiate the requirement for isolation that is imposed by end users.
The market is divisible into a great number of subcategories, some of which include a two-channel market, a four-channel market, a six-channel market, and an eight-channel market, amongst others. The four-channel category currently holds the largest share of the entire market as a direct result of the substantial demand that is present within the market.
Galvanic Isolation Market: Regional Analysis
Asia Pacific to lead the global market during the forecast timeline
Asia Pacific accounts for the largest share of the global galvanic isolation market due to the wide adoption of advanced electronic devices in the region. The growing government support and presence of strong market players are further expected to propel the growth of the regional market. Nations like South Korea and China are leading the regional market through the sales and production of galvanic isolation devices.
Galvanic Isolation Market: Competitive Analysis
The key players in the global galvanic isolation market include:
Schneider Electric
Analog Devices Inc. (ADI)
Pepperl+Fuchs GmbH
Professional Mariner LLC.
Infineon Technologies AG
Perle Systems Europe Ltd.
ROHM Semiconductor
STMicroelectronics N.V.
Avago Technologies Limited (AVGO)
Corrpro Companies Inc.
The global galvanic isolation market is segmented as follows:
By Data Range
Above 75 Mbps
25-75 Mbps
25 Mbps
By Channel
Two Channels
Four Channels
Six Channels
Eight Channels
Others
By Isolation Type
Giant Magnetoresistive
Magnetic Coupling
Capacitive Coupling
By Sales Channel
Online Retail
Direct Sales
By Vertical
Transportation
Energy & Utility
Manufacturing
Industrial
Public
Healthcare
Telecom Sectors
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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